Finding a new home or apartment online can feel fast and convenient, but scammers know that too. Fake rental listings have become one of the most common forms of online fraud, preying on people eager to move and quick to respond. These scams don’t just cost you a security deposit; they can put your personal and financial identity at serious risk.
How to Spot a Rental Scam Before It Costs You
Rental scams are on the rise. Learn how to recognize fake listings, protect your personal information, and avoid identity theft before you apply for your next home.
How Rental Scams Work
Criminals often copy details from legitimate real estate listings photos, descriptions, even agent contact information and repost them as rentals on popular websites like Zillow, Craigslist, or Facebook Marketplace. The “landlord” or “property manager” then asks prospective renters to fill out an application, provide identification, or submit pay stubs before they can view the unit. Sometimes they even request a deposit or first month’s rent up front to “hold” the property.
Once the scammer has your money or your documents, they vanish, leaving you with lost funds and potential identity theft.
Red Flags to Watch For
- The deal feels too good to be true. Below-market rent in a high-demand area is a major warning sign.
- You can’t see the property first. A legitimate landlord will arrange an in-person or virtual showing before asking for money or personal information.
- They rush you to decide. Scammers often create false urgency “other applicants are waiting” to get you to act before thinking.
- They ask for sensitive documents too early. Never send a photo ID, pay stubs, or banking information until you’ve verified the property and the person’s identity.
- They only communicate by text or email. Be cautious if you can’t speak directly to the owner or property manager.
How to Stay Safe
- Verify the listing. Check if the same property is also listed for sale or if the owner’s name matches public records. If you find multiple listings with different prices, it’s likely fake.
- Never pay in cash, gift cards, or wire transfers. Use secure, traceable payment methods and only after signing a verified lease.
- Protect your personal data. Share the minimum information necessary until you confirm the legitimacy of the rental and landlord.
- Trust your instincts. If a listing feels secretive, rushed, or inconsistent, walk away. There will always be another opportunity.
If You Suspect a Rental Scam
Stop all communication and report it to the listing site immediately. You can also file a report with the Federal Trade Commission (FTC) or the FBI’s Internet Crime Complaint Center (IC3). If you’ve already shared personal or financial information, contact your financial institution right away to monitor for unauthorized activity.
Stay vigilant. Protect your financial future.
People Driven Credit Union is committed to helping our members recognize and avoid scams. Learn how to safeguard your identity and report fraud before it causes lasting damage.
